Senate Bill 2469

AN ACT TO AUTHORIZE THE DEPARTMENT OF FINANCE AND ADMINISTRATION, ACTING ON BEHALF OF THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING, TO SELL AND CONVEY OR LEASE PARCELS OF CERTAIN STATE-OWNED REAL PROPERTY AND ANY IMPROVEMENTS THEREON UNDER THE POSSESSION AND CONTROL OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI, LOCATED IN THE CITY OF HATTIESBURG, FORREST COUNTY, MISSISSIPPI; TO STIPULATE THE CONDITION UNDER WHICH THE PROPERTY MAY BE SOLD TO PROMOTE THE HIGHEST AND BEST USE FOR THE UNIVERSITY OF SOUTHERN MISSISSIPPI, THE CITY OF HATTIESBURG AND THE STATE; TO EXEMPT THE SELLING ENTITY FROM THE ADVERTISING REQUIREMENT FOR ACCEPTANCE OF COMPETITIVE BIDS ON THE PROPERTY; TO PROVIDE THAT THE STATE SHALL RETAIN THE RIGHT TO REPURCHASE THE REAL PROPERTY OR TERMINATE THE LEASE IF CERTAIN CONDITIONS OCCUR; TO REQUIRE THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO REVIEW AND CONSIDER ALL PROPOSALS FOR THE PURCHASE OR LEASE OF THE PROPERTY USING CERTAIN REVIEWING FACTORS; TO PROVIDE THAT THE STATE SHALL RETAIN ALL MINERAL RIGHTS TO THE REAL PROPERTY SOLD OR LEASED UNDER THIS ACT; TO AMEND SECTIONS 27-33-17 AND 27-33-19, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PRECEDING PROVISIONS; AND FOR RELATED PURPOSES.

In the Senate

• John A. Polk

  Sponsor

l9n doesn't hold this bill's text yet.

In the Senate Jan 20 – Feb 4

1. Jan 20Referred to the Senate committee on Public Property
2. Feb 4Died in committee in the Senate